Upon every person engaging or continuing within the City in the business of producing for sale, profit or commercial use any natural resource product, the amount of such tax shall be equal to the value of the articles produced as shown by the gross proceeds derived from the sale thereof by the producer, except as hereinafter provided, multiplied by the respective rates as follows:
(a) Coal, 1.00 per one hundred dollars ($100.00);
(b) Limestone or sandstone quarried or mined, 1.50 per one hundred dollars ($100.00);
(c) Oil, 3.00 per one hundred dollars ($100.00);
(d) Natural gas, in excess of the value of five thousand dollars ($5,000.00), 6.00 per one hundred dollars ($100.00);
(e) Blast furnace slag, 3.00 per one hundred dollars ($100.00);
(f) Sand, gravel or other mineral produced, not quarried or mined, 3.00 per one hundred dollars ($100.00);
(g) Timber, 1.50 per one hundred dollars ($100.00);
(h) Other natural resource products, 2.00 per one hundred dollars ($100.00).
The measure of this tax shall be the value of the entire production in the City, regardless of the place of sale or the fact that delivery may be made to points outside the City. (Ord. 2063. Passed 4-21-05.)